27 Apr Mack Trucks Turning the Corner? Company to Hire 50 for Pennsylvania Plant Less than three months ago, Mack Trucks reported its weakest year of truck deliveries in six years. Now, it appears, the heavy-duty truck manufacturer with a massive assembly plant in Lower Macungie Township, Pa., is turning the corner. Read more...
27 Apr Did Daimler Test an 'Automated' Truck in Oregon? Not Exactly Did Daimler take a self-driving truck for a spin in Oregon late last year? Not really. Read more...
27 Apr UPS First-Quarter Profits, Revenue Rise UPS Inc. struggled with currency exchange rates but benefited from a new treatment in taxes and wound up with a 2.4% gain in first-quarter net income and a 6.2% surge in global revenue. Read more...
27 Apr Union Pacific Profits Up 9.5%, Easily Beat Forecasts Union Pacific's profits increased 9.5% to $1.07 billion dollars, or $1.32 per share, after strong results on a year-over-year basis in the coal, agricultural and intermodal transportation. Read more...
27 Apr American Consumers' Economic Expectations Strongest Since 2001 Consumer confidence rebounded last week as Americans became the most upbeat about the economy since 2001, the Bloomberg Consumer Comfort Index figures showed April 27. Read more...
27 Apr Jobless Claims Rise to Four-Week High Amid Holiday Filings for U.S. unemployment benefits rose to a four-week high last week, interrupting a run of subdued firings, a Labor Department report showed April 27. Read more...
27 Apr South Carolina Senate Passes First Gas-Tax Increase in 30 Years The S.C. Senate passed a 12-cents-a-gallon hike in its gas tax the night of April 26 by a vote of 34-10, a veto-proof majority. Read more...
27 Apr Durable-Goods Orders Rose Less Than Forecast in March Orders for durable goods rose less than forecasted in March as demand for automobiles, fabricated-metal products and machinery all declined, Commerce Department data showed April 27. Read more...
26 Apr Soft Pricing, Rigid Costs Diminish 1Q Profits for Hub Group Sandwiched between "soft pricing" and unyielding costs, intermodal, trucking and brokerage company Hub Group reported a significant decline in first-quarter net income even as revenue increased. Read more...
26 Apr Landstar Reports Record 1Q Revenue, Earnings, Loads Carried by Truck Landstar System Inc. reported record first-quarter revenue and earnings per share, and net income climbed. Read more...